Title: Avantis (AVNT) Surges — Could $0.60 Be Next?
Avantis has quietly re-entered the spotlight. The new DEX token jumped more than 22% in the last 24 hours and is up roughly 62% on the week, leaving rival DEX tokens like AsterDEX (ASTER) trailing on the price charts.
Technical picture: a bullish flip
- AVNT’s recent run began after it broke a bearish structure that had held for over a month. The token’s correction started after October 24 — about two weeks after the sector-wide liquidations — but momentum shifted decisively with a breakout on December 19 (source: TradingView).
- The breakout pushed price above a descending resistance and the 50-day simple moving average (50 SMA), and the RSI registered a bullish divergence around 68, confirming upside bias.
- Since the December breakout AVNT has been printing higher highs and higher lows. It bounced off $0.32 on Christmas Day (staying above the 50 SMA), but faces resistance near $0.40 — a level that acted as an earlier accumulation zone about a month ago.
- A clean move above $0.40 would pave the way toward the $0.60 area (or higher), while a break back below the moving average would invalidate the current bullish structure.
On-chain and market activity supporting the move
- Network activity has trended higher alongside price. According to Avantis Analytics, total trades hit a weekly high of 3.77 million on Boxing Day; on that day about 15,272 trades had already been logged.
- Cumulative volume has also climbed, sitting around $56 billion at the time of reporting. Another aggregate figure stood near $1.2 billion, with approximately $900 million on longs and about $200 million on shorts (Avantis Analytics).
- Holder growth is notable: Token Terminal data shows active holders rose to about 109.8k, an increase of more than 26k in roughly a month — a sign bulls may be returning to the token.
- Circulating supply has remained steady since early October at roughly 258.2 million, indicating limited supply pressure. Token turnover metrics were also elevated — up 49.6% on a fully diluted basis and 192% relative to circulating supply (Token Terminal).
What it means
Taken together, the technical breakout and rising on-chain metrics explain AVNT’s sharp gains and why recent movements have outpaced earlier projections. Mid- and long-term charts currently favor the bulls, and a decisive break above $0.40 would increase the probability of a run toward $0.60. That said, broader market weakness remains a potential headwind to sustained upside.
Disclaimer: This article is informational and not investment advice. Cryptocurrency trading carries high risk; do your own research before making any decisions. © 2025 AMBCrypto
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